Thursday , 27 June 2019


Housing

Your House: A Home, An Investment or a Ponzi Scheme? (+2K Views)

In the past few decades, the concept of home ownership has been completely turned on its head. Previously, homes were considered a very long-term consumption good...[No one] ever considered tripling the value of their homes by retirement time and selling them to move beachside yet, somehow along the way, this became a reasonable investment expectation. Even today, home buyers still make their purchases with the hopes of escalating prices. [It begs answers to these questions: Is a house just a home? Should a house be expected to behave like an investment? Is the housing game nothing more than a Ponzi scheme where the end buyer before the market corrects becomes the "greater fool"? Let's try and answer those questions.] Words: 935

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Warning: The CMHC Thinks Canadian Real Estate Is Highly Overvalued

Every quarter the Canada Mortgage and Housing Corporation (CMHC), the Crown agency in charge of Canadian housing research, publish a report on how real estate fundamentals (interest rates, disposable income, and price acceleration) are looking.They then publish a color graded warning system for real estate. Here’s what they had to say about the country’s largest markets.

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National Average Rent Jumps To An All-Time High

Fewer than expected apartment deliveries this year increased competition among existing units, pushing up the national average rent by another 3.1% - the highest monthly increase in 18 months - to $1,412 in August, an all time high.

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